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Showing posts with the label losses

Bitcoin erases Fed losses as traders eye $40K BTC price target

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BTC price snaps back into its uptrend after Bitcoin market nerves over U.S. economic policy fade in line with stocks and gold. Bitcoin (BTC) returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin shrugs off Coinbase, Do Kwon arrest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to challenge nine-month highs on Bitstamp. The pair kept the volatility coming as the dust settled on the prior day's interest rate decision and associated commentary from the Federal Reserve. Despite Fed Chair Jerome Powell giving mixed signals over how and if rate hikes would continue, crypto market commentators argued that the sudden drop that Bitcoin witnessed had been over-the-top. "Make sure to remember the panic and calls for lower next time you get a dip during a HTF uptrend," popular trader Crypto Chase wrote...

After investor losses, celebrities who supported NFTs and crypto are targeted by the law

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Join Our Telegram channel to stay up to date on breaking news coverage Nonfungible Tokens, or NFTs, featuring cartoon images of idle monkeys, were lauded by Madonna. Tom Brady, the quarterback for the Tampa Bay Buccaneers, was featured in advertisements for the cryptocurrency exchange FTX, which abruptly shut down in November. Kim Kardashian also praised on Instagram about EMAX tokens. Now, they and other famous people are being investigated by regulators for allegedly defrauding the investing public, as well as civil lawsuits from investors who experienced losses on virtual assets. The legal actions, which have led some agents to advise their clients against financial endorsements, may clarify the guidelines for crypto currency marketing and the requirements investors must meet in order to hold promoters accountable when investments don’t work out. Tibor Nagy Jr., an attorney who represents both plaintiffs and defendants in the crypto currency field, asserted that ...